E3 Lithium raises $8.5 million in best-efforts equity financing

Canada NewsWire

The Base Shelf Prospectus is accessible, and the Prospectus Supplement will be accessible within two business days, through SEDAR+

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

CALGARY, AB , Sept. 16, 2026 /CNW/ -- E3 Lithium Ltd. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF) (" E3 " or the " Company ") is pleased to announce that it has entered into an agreement with ATB Cormark Capital Markets and Canaccord Genuity Corp. as co-lead agents on behalf of a syndicate of agents (collectively the " Agents "), pursuant to which the Agents have agreed to act as agents on a "best efforts" basis, in connection with the public offering of 9,450,000 units of the Company (the " Units ") at a price of C$0.90 per Unit (the " Offering Price "), representing total gross proceeds of approximately C$8.5 million (the " Offering "). Each Unit will consist of one common share of the Company (a " Common Share ") and one common share purchase warrant (a " Warrant "). Each Warrant shall entitle the holder thereof to purchase one common share of the Company (a " Warrant Share ") at a price of C$1.10 per Warrant Share for a period of 36 months following the Closing Date (as defined below).

The Company has also granted the Agents an option (the " Over-Allotment Option "), exercisable at the Offering Price for a period of 30 days from and including the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any, on the same terms as the Offering. Closing is expected on or about September 24, 2026 (the " Closing Date "), and is subject to regulatory approval including that of the TSX Venture Exchange.

The Company intends to use the net proceeds from the Offering to fund advancement of the Company's Clearwater Lithium Project and for general working capital purposes as set out in the Prospectus Supplement (as defined below).

The Units will be offered by way of a prospectus supplement (the " Prospectus Supplement ") to the Company's existing Canadian base shelf prospectus dated July 23, 2026 (the " Base Shelf Prospectus "). The Prospectus Supplement will be filed in each of the provinces and territories of Canada, except Québec.

Access to the Prospectus Supplement, the Base Shelf Prospectus and any amendments thereto are provided in Canada in accordance with securities legislation relating to procedures for providing access to a shelf prospectus supplement, a base shelf prospectus supplement and any amendment to such documents. The Base Shelf Prospectus is, and the Prospectus Supplement will be (within two business days from the date hereof), accessible through SEDAR+ at www.sedarplus.ca . An electronic or paper copy of the Prospectus Supplement, the Base Shelf Prospectus and any amendment thereto may be obtained, without charge, from ATB Cormark Capital Markets by phone at (416) 362-7485 or email at atbcm_ecm@atb.com by providing the contact with an email address or address, as applicable.

This press release is not an offer or a solicitation of an offer of securities for sale nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Units have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.